akeAssignment/takeAssignmentMain.do?invoker ass eBook Calcutator Depreciation by two methods; sale of fixed asset Chart of Accounts Journal tuens Starting questions Instructions New lithographic equipment, acquired at a cost of $859,200 on March 1 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated tesidual value of $96,660. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year On the basis of the data presented to the manager, the double-declining-balance method was selected in the first week of the fith year, on March 4, the equipment was sold for $141,422 Required: 1 Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year and the book value of the equipment at the end of each year by (a) the straight-tine method and (b) the double-declining-balance method Round your answers to the nearest whole dollar 2 Journalize the entry to record the sale assuming the manager chose the double-dectining-balance method 3 JOurnalize the entry to record the sale in (2), assuming that the equipment was sold for $96,962 instead of $141,422. Refer to the Chart of Accounts for exact wording of account tites Depreciation by two methods; sale of fixed asset Chart of Accounts Instructions Starting questions Journal Instructons X Chart of Accounts Starting questions Determine the annual depreciation expense for each of the estimated five years ofr use, the acciumlated depreciation at the end of each year, and the book value of the equipment af the end of each year by (a) the straight- ine method and (b) the double-declining-balance method. Round your answers to the nearest whole dollar a Strainht-line method Accumulated Depreciation, Year End of Year Depreciation Expense Book Value, End of Year 1 2 4 Check My Work Prev Submit Assignment Save and Exit Instructions Chart of Accounts Starting questions Journal On March 4, journalize the entry to record the sale assuming the manager chose the double-declining-balance method. Refer to the Chart of Accounts for exact wording of accounf titles 2 PAGE 1 ACCOUNTING EQUATION JOURNAL ASSETS LIABILITIES EQUITY POST. REF DEBIT CREDIT DESCRIPTION DATE Previous eck My Work Submit Assignment for Grading Save and Exit 11:48 PM X 7/5/2019 w